DMWA Resources withdraws bid for Lagia oil asset in Egypt
DMWA Resources – an Africa-focused resources and trading firm – has withdrawn its bid to acquire the Lagia oil producing field in Sinai, Egypt. While DMWA management has not commented, sources close to the company state that it is strongly encouraged by its shareholders to pursue other marginal oil and gas field acquisitions across Africa. The […]
SacOil completes Phase 2 of Lagia Oil Field Development Programme
SacOil Holdings Limited, on behalf of its subsidiary, Mena International Petroleum Company Limited (“Mena”), is pleased to announce the successful completion of Phase 2 of the development programme and the achievement of the production target of 1,000 bbl/d at its 100% owned Lagia oil field in Sinai, onshore Egypt. As reported previously, Phase 2 of […]
SacOil releases positive results of drilling program at Lagia oil field
SacOil Holdings Limited, on behalf of its subsidiary, Mena International Petroleum Company Limited (“Mena”), is pleased to announce an update on the drilling of the Lagia 11, Lagia 15 and Lagia 16 wells, which forms part of the Phase 2 field development operations at its 100% owned Lagia oil field in Sinai, onshore Egypt. As […]
SacOil commences drilling operations at Lagia oil field
COMMENCEMENT OF DRILLING OPERATIONS AND PROGRESS OF STEAM INJECTION – LAGIA OIL FIELD SacOil, through its subsidiary Mena International Petroleum Company Limited (“Mena”), is pleased to announce it commenced the drilling of the Lagia 11 well on 13 November 2015, at its 100% owned Lagia oil field in Sinai, onshore Egypt. This forms part of […]
SacOil commences second phase of development at Lagia oil field
Installation of steam facilities and the drilling of up to five additional wells – Lagia Oil Field SacOil Holdings Limited, through its subsidiary Mena International Petroleum Company Limited (“Mena”), is pleased to announce the commencement of phase 2 of the field development operations at its 100% owned Lagia oil field in Sinai, onshore Egypt. This […]